Tag Archives: distributing assets after divorce

marital property, non-marital property, distributing assets after divorce, property divisionWhen a married couple decides to divorce, it may come as a shock to one spouse when the court rules his or her non-marital property has actually been converted to marital property, and it is therefore subject to equitable division. In fact, the transmutation of non-marital assets into martial assets can happen by accident by either party.

The Illinois Marriage and Dissolution of Marriage Act (IMDMA) identifies non-marital property as the following:

  • Property acquired by gift, legacy or descent;
  • Property acquired in exchange for other non-marital property;
  • Property acquired by a spouse after a judgment of legal separation;
  • Property both spouses agree is non-marital property;
  • Property acquired through a judgment awarded to a spouse from the other spouse;
  • Property acquired before the marriage; and
  • Any increase in value of non-marital property.

Notwithstanding the definition of marital property as any property acquired by the couple after they are legally married, and the clear listing of what constitutes non-marital property, there are cases where property cannot be easily distinguished as either marital or non-marital.

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